Saturday, May 28, 2022

Crown acquires 20 percent interest in Nobu


Crown Resorts announced that it has acquired a 20 percent ownership interest in the international restaurant and hotel company, Nobu, for $100 million.

The other 80 percent will continue to be owned by the existing owners, entities associated with Nobu Matsuhisa, Robert De Niro and Meir Teper.

“We see the Nobu brand as complementary to Crown Resorts’ global luxury entertainment positioning and the Nobu business has an attractive near-term growth profile, with a number of new restaurant and hotel openings planned,” Crown’s chairman, Rob Rankin, said.

“James Packer established Crown’s relationship with Nobu some years ago. Now we have Nobu restaurants in both Crown Melbourne and Crown Perth and a Nobu Hote

l at City of Dreams – Manila. This acquisition cements that existing strong relationship,” Rankin said.

As part of the acquisition, Crown will nominate Packer to join the Nobu board as one of four directors. 

 

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